Inditex news and archive

France drops fashion group probe over Uyghur labour

French magistrates have dropped a probe into allegations four fashion groups profited from forced labour of the Uyghur minority in China, prosecutors said Thursday. The national anti-terror prosecutor's office in Paris, which looks into purported crimes against humanity, said it had halted the investigation. The plaintiffs' lawyer William...

Business |Background Featured

Fashion dynasties: Nepo baby or deserving successor?

Fashion is all about a network of connections, but what if they don't have to be forged, and are instead inherited? In the past few months, the internet has come to recognise that Hollywood is a breeding ground, not just for good looks, but for privilege. While the concept and the debate it sparked is not particularly groundbreaking, the...

Culture

Zara enters publishing together with Wallpaper magazine

Spanish fast fashion brand Zara, part of the Inditex group, is venturing into a new area: Together with British magazine Wallpaper, which specialises in design, architecture, fashion, travel, art and lifestyle, it has launched a 300-page coffee table book titled “Where to now”. It is actually a box set of five photography books for “would be...

BusinessFeatured

Inditex has sold its Russian business; what are the implications?

Russia's Ministry of Industry and Trade announced on Wednesday that the government commission in charge of overseeing foreign investment gave the green light to a deal under which Spain's Inditex could sell 100 percent of the shares of Novaya Moda (formerly Zara CIS), Inditex's Russian unit, to Fashion and More Management DMCC, a buyer from the...

Business

Russia agrees to Daher’s acquisition of Inditex subsidiary

The Russian government has announced the approval for the sale of New Fashion JSC, formerly Zara CIS, by the Spanish retail group Inditex to Fashion And More Management DMCC. The decision was confirmed to Russian media outlet RBC by the country’s deputy minister of industry and trade Viktor Evtukhov. It comes just over one year after Inditex...

Business

Inditex signs deal with Conservation International to scale regenerative agricultural systems

Fashion retail group Inditex has signed an agreement with Conversation International, investing 15 million euros in ‘Regenerative Fund for Nature’, a project initiated by the organisation and Kering in 2021 with the purpose of scaling regenerative agricultural systems. With the fashion industry being heavily dependent on agriculture and its raw...

BusinessFeatured

Zara owner Inditex's profit jumps, sales rise by 17.5 percent

In 2022, Inditex sales reached 32.6 billion euros, up 17.5 percent versus 2021, while sales in constant currencies grew 18 percent. Gross profit for the year increased 17 percent to 18.6 billion euros and gross margin reached 57 percent. EBITDA increased 20 percent to 8.6 billion euros and EBIT 29 percent to 5.5 billion euros. PBT increased 28...

RetailFeatured

Inditex expands its return fee to home market

Zara parent Inditex since May has been charging online shoppers in select regions for returning unwanted items. On Thursday the group said it would expand the charge to its home base of Spain, one of its core markets. A fee of 1,95 euros will be deducted from a processed refund, unless goods are dropped off at a physical store. The cost of...

Business

Bestseller, C&A, H&M, Inditex, Otto Group and PVH Corp. commit to Pakistan Accord

As the member brands of the Pakistan Accord’s steering committee, Bestseller, C&A, H&M, Inditex, the Otto Group and PVH Corp. have affirmed their commitment to the workplace safety program. They will act in close collaboration with their Pakistani suppliers and other stakeholders in the coming weeks as they take steps towards the establishment...

Business

Inditex aiming to double number of disabled employees in two years

Inditex, the owner of Zara, Bershka and Pull&Bear, has announced a new goal to significantly increase the number of employees with disabilities worldwide within two years. The group’s endorsement of the ILO Global Business and Disability Network was signed by its CEO Oscar García Maceiras during a meeting with the director-general of the...

Business

H&M, Inditex and Mango among retailers establishing textile waste association

Decathlon, H&M, Ikea, Inditex, Kiabi, Mango and Tendam have partnered to create the Association for Textile Waste Management, with the aim of managing clothing and footwear waste generated in the Spanish market. Through association with the Collective System of Extended Producer Responsibility (SCRAP) legislation, the group wants to boost...

Retail

Inditex agrees to pay hike, H&M to pay bonuses to store employees

Just before the holidays, fashion giants H&M and Inditex announced that they would pay bonuses to their workers in Spain and Portugal - 500 euros in case of H&M to around 4,000 store employees and 1,000 euros by Inditex to its store employees in Spain. Due to mounting pressure by unions and impending strikes, Inditex agreed to a pay hike of 322...